Job Opening

Posting Title: Investment Associate (Sustainable Investing-Quant), P2 (Temporary Job Opening)
Job Code Title: ASSOCIATE INVESTMENT OFFICER
Department/Office: United Nations Joint Staff Pension Fund
Duty Station: NEW YORK; NEW YORK;
Posting Period: 26 March 2019 - 01 April 2019
Job Opening Number: 19-Investment Management-UNJSPF-114358-J-New York (X)
Staffing Exercise N/A
United Nations Core Values: Integrity, Professionalism, Respect for Diversity
Sorry, this job opening is no longer available.

Org. Setting and Reporting

The United Nations Secretary-General is responsible for the investment of the assets of the United Nations Joint Staff Pension Fund (UNJSPF). The Secretary-General has delegated this responsibility to the Representative of the Secretary-General for the investment of the assets of the UNJSPF (RSG). The RSG is, in turn, assisted in this function by the Office of Investment Management (OIM) of the UNJSPF. OIM manages a $60+ billion multi-asset class, global investment portfolio, about 85% of which is actively managed in-house. Asset classes under management comprise global equities, fixed income, foreign exchange, private equity, real estate, infrastructure, timber and commodities. OIM’s staff are all based in New York, but come from over 30 countries.

This position is located in the Office of the RSG within OIM. The Investment Associate reports to the Director and assists in the development of OIM’s approach to Sustainable Investing and in collaborating with various investment teams to assist with the rollout and implementation of OIM’s Sustainable Investing approach, in full consonance with its fiduciary responsibilities.

Responsibilities

Under the supervision of the Team Head of Sustainable Investing, the incumbent will perform the following duties:

1. Assists the Director and Sustainable Investing Team Head in developing across different asset classes in which the Fund invests, and in collaborating with various Investment Teams to rollout and implement this approach taking into account OIM’s fiduciary responsibilities.
a) Balances long term strategic goals with short term performance objectives to outperform assigned benchmarks.
b) Analyze broad methodologies required for the development and implementation of strategies that conform to the Fund’s overall investment policy, investment objectives, procedures and guidelines.
c) Attends and contributes to seminars on sustainable investing and related topics
d) Conducts portfolio analysis using risk, ESG and analytical tools; Liaise with current and prospective data vendors to systematically integrate, maintain and assure data into ESG database

2. Conducts careful and thorough sustainable quantitative investment research
a) Supports global sustainable investing research projects, performs due diligence and recommend appropriate strategies to Team Head in the following workflow streams:Generate quant signals for use in fundamental analysis; Construct ESG Factor overlays.Contribute to In-house climate change based investment strategies
b) Contributes to the formulation of recommendations in partnership with NGOs and vendors active in promoting sustainable investing, keeping in view stakeholder sensitivities and concerns.
c) Participates in selecting and managing outside ESG advisers and specialists by: Evaluating the services provided by the outside advisers and specialists; Formulating recommendations in the selection of outside advisers and specialists when appropriate; Ensuring that the outside advisers and specialists understand the Fund’s overall investment policy and strategies that are
applicable to their services.

3. Contribute to the development of the ESG investment support dashboard, database and analytics
a) Build and maintain the ESG investment tools to support the Investment Teams
b) Support the Investment Teams with the implementation.

4. Reporting
a) Collaborates with impact colleague to develop SDG framework and reporting.
c) Ensures the provision of guidance, performance evaluation, supervision and mentoring to all administrative support staff and other staff within his/her areas of responsibility.
d) Performs other related work as required.

Competencies

PROFESSIONALISM: Demonstrates strong ability, sound knowledge and understanding of ESG and sustainable investing, PRI reporting, ESG vendors, engagement and proxy voting, ESG integration across asset classes, and NGO ESG promotors. Understands ESG materiality in the context of fiduciary responsibility. Establishes the ability to conduct quantitative analysis and building ESG dashboards to support the investment process. Exhibits a high-degree of programming language knowledge and skills in VBA, Python, JUMP, R, Studio and Matlab. Ability to analyze performance attribution of the portfolio, with advanced knowledge in Bloomberg, Barra, and RiskMetrics • Shows pride in work and in achievements; demonstrates professional competence and mastery of subject matter in sustainable quantitative application; is conscientious and efficient in meeting commitments, observing deadlines and achieving results; is motivated by professional rather than personal concerns; shows persistence when faced with difficult problems or challenges; remains calm in stressful situations. • Commitment to implementing the goal of gender equality by ensuring the equal participation and full involvement of women and men in all aspects of work.

TEAMWORK: • Works collaboratively with colleagues to achieve organizational goals; • Solicits input by genuinely valuing others' ideas and expertise; • Places team agenda before personal agenda; • Supports and acts in accordance with final group decision, even when such decisions may not entirely reflect own position; • Shares credit for team accomplishments and accepts joint responsibility for team shortcomings.

ACCOUNTABILITY: • Takes ownership of all responsibilities and honors commitments; • Delivers outputs for which one has responsibility within prescribed time, cost and quality standards; • Operates in compliance with organizational regulations and rules; • Takes personal responsibility for his/her own shortcomings and those of the work unit, where applicable.

Education

Advanced university degree (Master's or equivalent) in Business Administration (MBA), Finance, Sustainability, Economics or related field is required. A first level university degree in combination with two additional years of experience in investment management may be accepted in lieu of the advanced degree. Chartered Financial Analyst (CFA) or equivalent designation is desirable.

Work Experience

A minimum of two years of progressively responsible experience in investment analysis and/or investment management and ESG is required. Relevant experience in investment banking research and/or benefit scheme, with in-house investment management is desirable.

Languages

English and French are the working languages of the UN Secretariat. For this position, fluency in English, (both oral and written) is required. Knowledge of another UN official language is an advantage.

Assessment

Evaluation of qualified candidates may include a desk review of PHPs, an assessment exercise and/or a competency-based interview.

Special Notice

• DURATION: Please note that this is a temporary job opening, open to internal as well as external candidates. This position is available up to 31 December 2019, with possibility of extension, which is subject to extension of the mandate and/or the availability of the funds. The selected candidate is expected to start as soon as possible.

• Staff members are subject to the authority of the Secretary-General and to assignment by him or her. In this context, all staff are expected to move periodically to new functions in their careers in accordance with established rules and procedures.

• Appointment at the United Nations is subject to mandatory adherence to the United Nations Financial disclosure Programme. An appointment to the Office of Investment Management (OIM) of the UNJSPF additionally requires compliance with the rules and regulations pertaining to OIM's Code of Ethics, Personal Securities, Gift and Hospitality policies.

• If the selected candidate is a staff member from the United Nations Secretariat, the selection will be administered as a temporary assignment.

• While this temporary assignment may provide the successful applicant with an opportunity to gain new work experience, the selection for this position is for a limited period and has no bearing on the future incumbency of the post.

• Subject to the funding source of the position, the eligibility for this temporary job opening may be limited to candidates based at the duty station.

• This temporary job opening may be limited to “internal candidates,” who have been recruited through a competitive examination administered according to staff rule 4.16 or staff selection process including the review of a central review body established according to staff rule 4.15.

• Staff members of the United Nations common system organizations who will reach the mandatory age of separation or retirement within the duration of the current temporary need period are not eligible to apply. Submitting an application or selection for the current temporary job opening does not delay or increase the mandatory age of separation.

• Retirees above the mandatory age of separation who wish to be considered for the current temporary job opening must indicate the reason for their last separation as "retirement." Such retirees shall not be employed by the Organization, unless (a) the operational requirements of the Organization cannot be met by staff members who are qualified and available to perform the required functions; and (b) the proposed employment would not adversely affect the career development or redeployment opportunities of other staff members and represents both a cost-effective and operationally sound solution to meet the needs of the service.

United Nations Considerations

According to article 101, paragraph 3, of the Charter of the United Nations, the paramount consideration in the employment of the staff is the necessity of securing the highest standards of efficiency, competence, and integrity. Candidates will not be considered for employment with the United Nations if they have committed violations of international human rights law, violations of international humanitarian law, sexual exploitation or sexual abuse, or crimes other than minor traffic offences, or if there are reasonable grounds to believe that they have been involved in the commission of any of these acts. The term “sexual exploitation” means any actual or attempted abuse of a position of vulnerability, differential power, or trust, for sexual purposes, including, but not limited to, profiting monetarily, socially or politically from the sexual exploitation of another. The term “sexual abuse” means the actual or threatened physical intrusion of a sexual nature, whether by force or under unequal or coercive conditions.

Due regard will be paid to the importance of recruiting the staff on as wide a geographical basis as possible. The United Nations places no restrictions on the eligibility of men and women to participate in any capacity and under conditions of equality in its principal and subsidiary organs. The United Nations Secretariat is a non-smoking environment.

Applicants are urged to follow carefully all instructions available in the online recruitment platform, inspira. For more detailed guidance, applicants may refer to the Manual for the Applicant, which can be accessed by clicking on “Manuals” hyper-link on the upper right side of the inspira account-holder homepage.

The evaluation of applicants will be conducted on the basis of the information submitted in the application according to the evaluation criteria of the job opening and the applicable internal legislations of the United Nations including the Charter of the United Nations, resolutions of the General Assembly, the Staff Regulations and Rules, administrative issuances and guidelines. Applicants must provide complete and accurate information pertaining to their personal profile and qualifications according to the instructions provided in inspira to be considered for the current job opening. No amendment, addition, deletion, revision or modification shall be made to applications that have been submitted. Candidates under serious consideration for selection will be subject to reference checks to verify the information provided in the application.

Job openings advertised on the Careers Portal will be removed at 11:59 p.m. (New York time) on the deadline date.

No Fee

THE UNITED NATIONS DOES NOT CHARGE A FEE AT ANY STAGE OF THE RECRUITMENT PROCESS (APPLICATION, INTERVIEW MEETING, PROCESSING, OR TRAINING). THE UNITED NATIONS DOES NOT CONCERN ITSELF WITH INFORMATION ON APPLICANTS’ BANK ACCOUNTS.

Sorry, this job opening is no longer available.
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